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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Highlands Natural Resources Plc | LSE:HNR | London | Ordinary Share | GB00BWC4X262 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.70 | 4.60 | 4.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHNR
RNS Number : 0892N
Highlands Natural Resources PLC
20 October 2016
20 October 2016
Highlands Natural Resources plc ('Highlands' or 'the Company')
Issue of Shares
Highlands, the London listed natural resources company, announces that, pursuant to the exercise of warrants today, an application has been made for an additional 10,000,000 ordinary shares in the Company to be admitted to trading on the Official List of the UK Listing Authority by way of a Standard Listing and to trading on the London Stock Exchange's Main Market for listed securities ('Admission'). Admission is expected to take place on 27 October 2016.
These warrants are the full amount of those acquired by an institutional investor from Diversion Technologies, LLC ('Diversion'), as announced on 30 September 2016. This warrant exercise has provided the Company with a further GBP2,500,000 of funds before costs and brings the total amount received by the Company since July 2016 from warrants sold by Diversion to GBP7,500,000. Neither Diversion nor the institutional investor hold any further warrants.
Accordingly, following Admission, the total number of ordinary shares in Highlands with voting rights will be 64,287,349. This figure may be used by Highlands shareholders as the denominator for calculations to determine if they have a notifiable interest in Highlands under the Disclosure and Transparency Rules, or if such interest has changed.
Disclosure of notifiable interests
Due to the issue of the above New Ordinary Shares, although the number of ordinary shares held by Mr R B Price, CEO of Highlands, has not changed, with effect from Admission his holding represents 18.67 per cent. of the Company's total voting rights. Similarly, although the number of ordinary shares held by Diversion Technologies Inc. has not changed, with effect from Admission their holding represents 2.96 per cent. of the Company's total voting rights.
**ENDS**
For further information:
Highlands Natural Resources plc Robert Price +1 (0) 918 361 7000 Cenkos Securities plc Neil McDonald +44 (0)131 220 9771 Nick Tulloch +44 (0)131 220 9772 St Brides Partners Ltd +44 (0) 20 7236 Lottie Brocklehurst 1177 Elisabeth Cowell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 20, 2016 09:00 ET (13:00 GMT)
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